Advertisement

Dollars falls on poor investment data

Nov 26, 2015, updated Nov 26, 2015

The Australian dollar fell a quarter of a US cent after the release of weak business investment figures.

The Australian dollar was trading at 72.26 US cents at 1136 AEDT, down from 72.59 US cents just before the data was released.

Business investment fell 9.2 per cent in the September quarter, which was worse of the median market forecast of a fall of four per cent.

The closely watched figures cover investment in capital goods which includes things like buildings and equipment.

AAP

Local News Matters
Advertisement
Copyright © 2024 InDaily.
All rights reserved.